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A secure transaction is one in which the data that is being transmitted is safe and is not know to people other than the intended recipients.

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Geovanny Nader

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2y ago

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Related Questions

What is the meaning of Security Transaction Tax?

The tax levied on trading transaction


An example of a Primary market transaction involving money market security?

A new issue of a security with a very short maturity


How do you get the security code of Philippines pag-ibig transaction card?

Go to the nearest branch in your place to get the security code, to access the account in pag-ibig


Is there security transaction tax on commodity or not?

There is a tax similar to STT and it is called Commodity Transaction Tax. The CTT is applicable @ the same rate of 0.017% (like STT) chargable on the value of trade.


What is a TAC code for a bank?

A TAC code, or Transaction Authentication Code, is a security feature used by banks to verify the authenticity of a transaction. It is typically a unique, time-sensitive code generated for a specific transaction and sent to the user via SMS or email. The TAC code helps prevent fraud by confirming that the person initiating the transaction is authorized to do so. Users must enter this code to complete certain banking transactions, adding an extra layer of security.


What are the most common security features found on chip and pin cards in the USA?

The most common security features found on chip and pin cards in the USA include EMV chip technology, which generates a unique code for each transaction, and PIN verification, which adds an extra layer of security by requiring a personal identification number to complete a transaction.


Is it illegal to ask for the CVV code during a transaction?

Yes, it is illegal for merchants to ask for the CVV code during a transaction according to the Payment Card Industry Data Security Standard (PCI DSS) regulations.


Can you purchase a car from someone on craigs list through eBay for security reason and if so what is the procedure for completing the transaction?

yes


Does the billing address need to match the credit card information for a successful transaction?

Yes, in most cases, the billing address needs to match the credit card information for a successful transaction to prevent fraud and ensure security.


What is role of FAS subsystem of vision plus in a transaction?

The FAS subsystem in Vision Plus is responsible for handling financial authorization requests during a transaction. It verifies the transaction details, performs risk assessments, and approves or declines the transaction based on predefined rules. This subsystem plays a crucial role in ensuring the security and integrity of the transaction process.


Why payment gateway is necessary for on line transaction processing?

Because if we does on line transaction without any gateway then there is a lot of chance for leaking our credit card information and after that other person can do on line transaction with that card so our money will become unsecure . So, payment gateway is needed to enable on line transactions with security.


Which protocol is used for eCommerce?

Security is an essential part of any transaction that takes place over the internet. Online business uses transport layer security protocol and secure socket layer protocol.